Financiere des Professionnels Fonds d investissement inc. Purchases 1,314 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Financiere des Professionnels Fonds d investissement inc. increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 23.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,901 shares of the e-commerce giant’s stock after purchasing an additional 1,314 shares during the period. Financiere des Professionnels Fonds d investissement inc.’s holdings in Amazon.com were worth $1,313,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in AMZN. Western Wealth Management LLC raised its stake in Amazon.com by 0.9% in the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock valued at $26,660,000 after purchasing an additional 1,297 shares in the last quarter. Momentous Wealth Management Inc. bought a new position in Amazon.com in the 4th quarter valued at about $749,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Amazon.com in the 1st quarter valued at approximately $514,000. Segall Bryant & Hamill LLC lifted its holdings in shares of Amazon.com by 14.3% during the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant’s stock worth $69,572,000 after acquiring an additional 39,696 shares during the period. Finally, Bearing Point Capital LLC acquired a new stake in shares of Amazon.com during the 4th quarter worth approximately $12,014,000. 72.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AMZN has been the subject of a number of research reports. Jefferies Financial Group raised their price objective on shares of Amazon.com from $255.00 to $265.00 in a report on Wednesday, July 16th. Stifel Nicolaus raised their price target on shares of Amazon.com from $245.00 to $262.00 and gave the company a “buy” rating in a research note on Tuesday. The Goldman Sachs Group reissued a “buy” rating on shares of Amazon.com in a research note on Friday. Tigress Financial raised their target price on Amazon.com from $290.00 to $305.00 and gave the stock a “buy” rating in a research report on Tuesday, May 6th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $265.00 price target on shares of Amazon.com in a research report on Friday. Two investment analysts have rated the stock with a hold rating, forty-seven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Amazon.com currently has an average rating of “Buy” and an average target price of $260.85.

Amazon.com Trading Down 8.3%

Shares of AMZN stock opened at $214.75 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The firm has a market cap of $2.28 trillion, a P/E ratio of 32.74, a PEG ratio of 1.74 and a beta of 1.31. The company has a 50 day moving average of $218.20 and a 200-day moving average of $209.21. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.37. The business had revenue of $167.70 billion for the quarter, compared to analysts’ expectations of $161.80 billion. Amazon.com had a return on equity of 24.90% and a net margin of 10.54%. The firm’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.26 EPS. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business’s stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider owned 897,722,088 shares of the company’s stock, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders sold 25,099,537 shares of company stock valued at $5,674,394,548. 9.70% of the stock is owned by company insiders.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.